iShares MSCI USA Value Factor ETF $VLUE Stake Lowered by State of Michigan Retirement System

State of Michigan Retirement System reduced its stake in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) by 37.5% during the 1st quarter, HoldingsChannel reports. The fund owned 279,800 shares of the company’s stock after selling 167,900 shares during the period. State of Michigan Retirement System’s holdings in iShares MSCI USA Value Factor ETF were worth $39,785,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC boosted its position in iShares MSCI USA Value Factor ETF by 14.0% during the first quarter. Sound Income Strategies LLC now owns 554 shares of the company’s stock valued at $80,000 after purchasing an additional 68 shares during the last quarter. Diversified Enterprises LLC lifted its holdings in shares of iShares MSCI USA Value Factor ETF by 2.4% during the 4th quarter. Diversified Enterprises LLC now owns 3,236 shares of the company’s stock valued at $442,000 after buying an additional 75 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in shares of iShares MSCI USA Value Factor ETF by 2.6% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 3,383 shares of the company’s stock valued at $463,000 after buying an additional 86 shares during the last quarter. Stokes Family Office LLC grew its stake in shares of iShares MSCI USA Value Factor ETF by 2.8% in the 4th quarter. Stokes Family Office LLC now owns 3,780 shares of the company’s stock valued at $517,000 after buying an additional 103 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of iShares MSCI USA Value Factor ETF by 0.8% in the 3rd quarter. Comerica Bank now owns 12,753 shares of the company’s stock valued at $1,595,000 after buying an additional 104 shares in the last quarter.

iShares MSCI USA Value Factor ETF Stock Performance

BATS:VLUE opened at $193.78 on Tuesday. The company has a market capitalization of $11.42 billion, a P/E ratio of 13.34 and a beta of 0.97. The stock’s 50 day moving average price is $192.55 and its 200 day moving average price is $163.73. iShares MSCI USA Value Factor ETF has a 52 week low of $110.53 and a 52 week high of $206.57.

iShares MSCI USA Value Factor ETF Company Profile

The iShares MSCI USA Value Factor ETF (VLUE) is an exchange-traded fund that is based on the MSCI USA Enhanced Value index. The fund tracks an index of large- and mid-cap US equities. Stocks are selected and weighted using fundamental metrics (earnings, revenue, book value and cash earnings), aiming for exposure to undervalued stocks in each sector. VLUE was launched on Apr 16, 2013 and is managed by BlackRock.